Asked by
Nicolette Ferrara
on Dec 15, 2024Verified
If the C$ strengthens by 2% relative to the US$ (US$1.00 = C$1.0339) , what will be the new value for the US$ per C$1.00?
A) US$0.8350 per C$1.00
B) US$1.0339 per C$1.00
C) US$0.8034 per C$1.00
D) US$0.96721 per C$1.00
E) US$0.9866 per C$1.00
Exchange Rate
The rate at which one currency can be exchanged for another.
- Understand the impact of currency value changes on exchange rates.
Verified Answer
TT
Learning Objectives
- Understand the impact of currency value changes on exchange rates.